Concerning a taxpayer requirement

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Reference no: EM13145079

Concerning a taxpayer's requirement to make quarterly estimated tax payments:

a) An estate is not required to make estimated payments.

b) A trust must make estimated payments if its federal income tax liability for the year will exceed $500.

c) A C corporation must make estimated payments if its federal income tax liability for the year will exceed $250.

d) An individual must make estimated payments if his or her balance due for the federal income tax for the year will exceed $1,000.

Reference no: EM13145079

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